Ordinary price discrimination entails:
A)serving only groups of customers.
B)identifying customers by groups.
C)doing business as usual.
D)serving only ordinary customers.

Question

Quizplus · Accepted Answer

Ordinary price discrimination involves identifying customers by groups and charging different prices to each group based on their willingness to pay. This can be done through various means such as loyalty programs, age-based discounts, and more. The goal is to maximize profits by charging different prices to different groups without alienating any specific group. Therefore, serving only groups of customers or serving only ordinary customers is not a part of ordinary price discrimination.

Ordinary Price Discrimination Entails